Covered Bond Market Today
The covered bond market is developing in exciting new ways. In this video of the series, Richard takes a look at the market as it stands today, and discusses how covered bonds can be fixed rate, euro denominated and used to fund mortgages.
Overview
The distribution of covered bonds outstanding is well balanced between several large countries with none having more than 20% of the total. German covered bonds represent 14%, and the market also consists of 24 smaller countries accounting for the remainder.
Key learning objectives:
Identify where covered bonds come from, and how the market has performed over the last two decades.
Explain the CBM features (types), and what they fund
Outline where the issuers come from, and how many
Summary
Expert
Richard Kemmish
Richard is a consultant working mainly in the covered bond market. He helps Finance Ministries and Central Banks in countries without covered bond laws to put legal frameworks in place. He has also helped the European Commission with their legislative agenda for covered bonds and related products.
08:32
07:41
